Premier Oil Withdraw from PLC Block L10A in Kenya

Source: www.gulfoilandgas.com 12/9/2013, Location: Africa

Having conducted a further exploration review, Premier has withdrawn from Block L10A, offshore Kenya. The Company retains its 25 per cent equity in the adjacent Block L10B. Prospect maturation of this block is ongoing and a ‘drill or drop’ decision will be made by mid-2014.

Simon Lockett, Chief Executive, commented:
“Whilst we remain committed to exploration in Kenya, we continue to focus our resources on projects that meet our internal corporate investment metrics and to high grade our exploration portfolio accordingly.”

For more information about related Opportunities and Key Players visit East Africa Projects


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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